Israel ranked 81st out of 141 countries in a study measuring economic freedom released by the Jerusalem Institute for Market Studies on Monday.
The Jewish State ranked 78th in the Economic Freedom of the World: Annual report last year.
Economic freedom is measured in five different areas: size of government, legal structure and protection of property rights, access to sound money, freedom to trade internationally, and regulation of credit, labor and business.
The area in which Israel is least free, for which it received a score of 5 out of 10, is the size of government. Israel received its best scores for access to sound money and freedom to trade internationally.